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. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up, who knows what then? > aren't you one of those traders who is seeing a rotation out of apple and into google? > > yeah. you know what, it is very interesting, because for about the last two weeks or so now, we have seen apple really hold major support at $425 - $420, $425. major support. and now maybe google is a little bit tired. so, where the people that had the flip side of that just two or three months ago, out of apple, into google, you are starting to see that rotation come to play now. > pleasure to have you on the show. thank you scott. > > take care ang
. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up,...
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Mar 15, 2013
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. >> i think the important point here is the macro economy is not the stock market. some perform much better in the last three years than the general economy has done. i think part of the problem or potential problem going forward will be earnings. the end of 2011 to 2013 we haven't seen much s&p growth. i think the next earning cycle will be crucial for visibility over the next six months. >> our next guest is looking for stocks that could lead the next leg of the rally. mike, welcome. good to you have back on a friday. let's answer the question first. greenspan says stocks are cheap. do you agree? if so, what do you do? >> i don't agree outright cheap. if i were fed chairman in the late 90s, i might have a different threshold for what i consider cheap. stocks are cheap relative to a lot of other stuff that everyone thinks is very expensive. does that mean they're cheap? i'm not sure. when i see yields below 6%, that's expensive. i do not think valuation is the thing that would stop the rally. i don't think it's the reason to buy in. it's in that zone where the mark
. >> i think the important point here is the macro economy is not the stock market. some perform much better in the last three years than the general economy has done. i think part of the problem or potential problem going forward will be earnings. the end of 2011 to 2013 we haven't seen much s&p growth. i think the next earning cycle will be crucial for visibility over the next six months. >> our next guest is looking for stocks that could lead the next leg of the rally. mike,...
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Mar 18, 2013
03/13
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economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian investors have their money parked in cypress banks. is that kind of what's got european investors nervous, the running, you know, running towards spain and italian bonds or is something else going on? >> well, i think there's no question that, um, the size of the economy as was reported earlier, that doesn't matter a whole lot. it's all about the connection to europe and the euro. and as you know, anytime somebody says i've got a deposit and somebody says i'm going to take some away from you, boy, that does a whole lot to scare people away, an
economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian...
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Mar 14, 2013
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which are not regulated properly for the economy. he also said there is a lot of evidence that jpmorgan may be too big to manage. whether or not markets were manipulated or executives actually lied to the public, levin and his staff wouldn't opine, but they did leave the door open to further government litigation or investigation based on arguments they have uncovered in the case of this probe. of course, in an all-day hearing tomorrow, we'll be getting some testimony for the first time from ina drew who ran the office that handled these trades, as well as doug bronstein who the senate subcommittee accuses of misleading. jpmorgan issued its own report in february highlighting some of the very same missteps, and ina drew and others involved in them have left the bank. but the bank in a statement is defending its handling of the situation, saying while we've repeatedly acknowledged our mistakes, our senior management acted in good faith and never had intent to mislead anyone. i'll be bringing to it you live from capitol hill. >> all ri
which are not regulated properly for the economy. he also said there is a lot of evidence that jpmorgan may be too big to manage. whether or not markets were manipulated or executives actually lied to the public, levin and his staff wouldn't opine, but they did leave the door open to further government litigation or investigation based on arguments they have uncovered in the case of this probe. of course, in an all-day hearing tomorrow, we'll be getting some testimony for the first time from...
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Mar 15, 2013
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the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught the first time the president ran, i think the public viewed him as a non-politician. i think he has been proven to be nothing but a politician from day one. >> she lost speakership over it. it was not done for political reasons. if it had, we never would have had healthcare reform. of course he is a politician. you do not become president of the united states can't you do not become a senator without being a politician. everything done in washington is with an eye towards the pole. charles: has he been political to a fault? he certainly overplayed with sequestration. you know what, if
the public trust the president on the economy is neck and neck with the gop. when nancy pelosi was pressed on the president political motives, she had something weird to say. >> i don't think he has ever done anything for political reasons. [ laughter ] >> i think the point of him making that point if he does not want other people to attribute any motivation to what he was doing. i think he has been as bipartisan as any as i have seen. charles: i have to tell you something caught...
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Mar 15, 2013
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they are blaming the weak economy. their sales are down by double digits. a quarterly loss going forward. they have been losing out to their rivals, american eagle and abercrombie. aeropostale was outpacing abercrombie year to date. back to you. connell: thank you, nicole. we are going to update our coverage now on the cyber threat. the chinese government wants to open cyber security talks with the united states. this just came out today. china resolutely opposes hacking in any form. they would like to communicate with the united states about cyber security. this all coming on the heels of a phone call made between president obama and china's new president. the two leaders agreed to maintain frequent and direct communication. moments ago, white house officials told our old peter barnes that jack lew will press china on the issue. he will travel there next week. here is what jack lew had to say. >> i can tell you there has been no change in policy. we have very high standards offer tech in policy. we are going to continue to protect americans as we go throug
they are blaming the weak economy. their sales are down by double digits. a quarterly loss going forward. they have been losing out to their rivals, american eagle and abercrombie. aeropostale was outpacing abercrombie year to date. back to you. connell: thank you, nicole. we are going to update our coverage now on the cyber threat. the chinese government wants to open cyber security talks with the united states. this just came out today. china resolutely opposes hacking in any form. they would...
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Mar 15, 2013
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margins have improved and optimism improved a on the economy improving and there is no reason to think -- >> well, to andy's point of there being a correction of 10%, what is the trigger for that, andy? >> well, the trigger for that would be the fact that once the perception of the fed is cutting back and whether they reduce qe by 20% or whatever the case is, they won't raise the rates in the near term unless of course the economy starts to heat up, and people are going to be panicking and there is going to be a sell-off, because they are going to be afraid that fed put is going to be gone. whether it is gone or not, the fed will probably keep it easier, but there is a lot of speculative money in the markets right now, and i think that the money will find its way out. >> andy, i'm a simple guy and i like the car analogies so we don't need the fed to hit the brakes, but when they take the foot off of the gas and stop the actual purchases in the mortgage-backed market, stocks will drop? >> that is my view. >> okay. bottom line. thank you dan and andy for joining us on the show. have a ni
margins have improved and optimism improved a on the economy improving and there is no reason to think -- >> well, to andy's point of there being a correction of 10%, what is the trigger for that, andy? >> well, the trigger for that would be the fact that once the perception of the fed is cutting back and whether they reduce qe by 20% or whatever the case is, they won't raise the rates in the near term unless of course the economy starts to heat up, and people are going to be...
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Mar 18, 2013
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of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? wh
of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the...
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Mar 14, 2013
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how is the sequester hurting the economy? >> peter, the first the economic data we're seeing obviously from an recaller period. so it doesn't reflect the impact of the sequester yet. i think we have to remember that the sequester is different than either government shutdown or the potential default. it is not an on-off switch. inshed of -- instead of being a cliff it is more of a step stair to a place. the amount of sequester spending taken out of the economy will reduce gdp half a percent from where it will have been and cost 750,000 jobs where we would have had. i put a awful lot of creating 750,000 jobs. there should be bipartisan interest in making sure it doesn't have that effect. the actual policy effects are real. they're in the defense where it is not good in the strategic position in the world. senators like lindsey graham and john mccain interested in an alternative. not good from the domestic perspective. a lot of things you see around here because we do research and development at cutting-edge. we need to keep res
how is the sequester hurting the economy? >> peter, the first the economic data we're seeing obviously from an recaller period. so it doesn't reflect the impact of the sequester yet. i think we have to remember that the sequester is different than either government shutdown or the potential default. it is not an on-off switch. inshed of -- instead of being a cliff it is more of a step stair to a place. the amount of sequester spending taken out of the economy will reduce gdp half a...
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Mar 18, 2013
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was muted because the economy in the u.s. is pretty good and because it's still viewed as a safe haven. look what happened to the dollar. we can't continue to have question marks about confidence in an area of the world that's fragile and expect risk asset rallies including equity market to rally. >> european banks, they got hurt. they were down 3.5% to 4%. american banks were not. bank index was down less than 1%. i want to ask you though. given what dallara said, how do you assess the risk of this whole story? it seems small. a nothing little island. how do you see it? >> the last four years have been dedicated looking at risks globally. in my book i talk about the destruction lehman cauause overseas. now it's the reverse. the last three years we had elevator shaft drops in the u.s. stock market. at the end of the first quarter, beginning of the second quarter, 16%, 20% and 10%. each time there was credit spread contagion from europe. a sovereign problem that led to a bank problem. then that weakness led to u.s. credit spre
was muted because the economy in the u.s. is pretty good and because it's still viewed as a safe haven. look what happened to the dollar. we can't continue to have question marks about confidence in an area of the world that's fragile and expect risk asset rallies including equity market to rally. >> european banks, they got hurt. they were down 3.5% to 4%. american banks were not. bank index was down less than 1%. i want to ask you though. given what dallara said, how do you assess the...
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they made bets against the economy insuring that it would crash now the private equity vultures are there to pick up the assets for pennies on the dollar it was a leveraged buyout of a country the greek people are now lost or sovereignty and they're now essentially debt slaves to hank paulson his buddies and these private equity firms that are now picking up the pieces for pennies on the dollar again typical mobster behavior totally condoned by the i.m.f. e.c.b. and these other global organizations. unbelievable and max i can't have the max kaiser in the studio without talking scandal i mean you just said as this article talk about the latest person and located and this phone hacking scandal and london oh this is great because tina waiver who was a former editor of the sunday mirror told me in two thousand and three that she and piers morgan were using phone hacking to extort stories from people and there's a collusion between news of the world the murdoch newspaper and mirror sharing information back and forth to extort quotes from people to support information that they had gleane
they made bets against the economy insuring that it would crash now the private equity vultures are there to pick up the assets for pennies on the dollar it was a leveraged buyout of a country the greek people are now lost or sovereignty and they're now essentially debt slaves to hank paulson his buddies and these private equity firms that are now picking up the pieces for pennies on the dollar again typical mobster behavior totally condoned by the i.m.f. e.c.b. and these other global...
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Mar 19, 2013
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i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't that bad. private sector employment has gone over 200,000, so that seems to be picking up steam, but at the same time, fiscal policy the tightening and could hold growth back. i don't think he feels any need to beat his chest at this point. >> at the same time, we had a flurry of wall street firms revise their gdp estimates for the quarter. based on that surprise retail sales numbers. >> they're going to be updating their forecasts and i think they're going to be in the two directions. they should be more upbeat about the private sector growth and that creates an upward pull on g
i don't think they've seen enough evidence yet that the economy's firm. and thus ready to pull back. >> when you look at what the fed, very different thing. if you look at what he's likely to do as he goes i guess through the rest of the year and potentially retire, do you think he starts to get positive on the economy just because he wants to say i told you so? >> no. that's not the way he works. what you have now is really a bifurcated economy. growth in the first quarter isn't...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report on our. more news today violence is once again flared up. in these are the images the world has been seeing from the streets of canada. showing corporations are old today. plum admission and free equity should be free transport charges free. range minster free kicks risk free tickets to tide free. download free broadcast quality video for your media projects and free media hearty dot com you. can. cut the power of the good if you've never seen anything like this cuts cuts. cuts. a lot of you out there might still upset the feeling of said about the seven hundred billion dollar bank bailout from two thousand and eight that caused quite an uproar after all was taxpayer money that was used to save the banks from the very crisis they had created which i told you that we're still bailing out banks yes you heard me right but you won't see that headline in the corporate press take for example bank of america which struck a secret deal
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kaiser report on our. more news today violence is once again flared up. in these are the images the world has been seeing from the streets of canada. showing corporations are old today. plum admission and free equity should be free transport charges free. range minster free kicks risk free tickets to tide free. download free broadcast quality video for...
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Mar 20, 2013
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>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i think they're going to be comfortable because core inflation is 1.5% year on year. >> i think there's a possibility of more dovish. we're not sure that the data is sound. maybe there will be giveback in the spring and if he starts mentioning the sequester and the need to hang in there with full force, that, ironically, could be very positive for this market. >> absolutely. i think his statements today, the press conference will be very dovish. he can point to downside risks and lump cyprus into that scenario and maintain this easy stance. t
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i...
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Mar 14, 2013
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>> it doesn't -- the american economy, we like the heros to come out of obscurity. a fuel like propane has been considered a by-product that is mostly used in residential fuel. now it's being used as a transportation fuel. and the reasons you were picked up in a vehicle in europe that ran on auto gas is it's not uncommon in europe to pull up to the fuel station and pay $7 or $8 for gasoline. the europeans are way ahead of us on this he wanted $10 gas to make it more apparent. we don't need that. we already have the answer. we're out of time, joe. i'm going to come and visit you. thanks for being our guest. >> thank you. >> melissa and carl, back to you. >> thank you very much, rick. the world will get the first look at the samsung galaxy s4. and later the startup that the former president calls the most important innovation of the last decade. find out while the lending club may be the answer to your investment or credit needs when the ceo joins us live here. we'll be right back. ack. i love making money. i try to be smart with my investments. i also try to keep my
>> it doesn't -- the american economy, we like the heros to come out of obscurity. a fuel like propane has been considered a by-product that is mostly used in residential fuel. now it's being used as a transportation fuel. and the reasons you were picked up in a vehicle in europe that ran on auto gas is it's not uncommon in europe to pull up to the fuel station and pay $7 or $8 for gasoline. the europeans are way ahead of us on this he wanted $10 gas to make it more apparent. we don't...
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Mar 14, 2013
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we know economy is getting better that is good news. huge growth gap between this recovery and the average recovery, and even, more troubling, more evidence showing in the long term, america's economic potential may have shrunk by as much as a third. that has huge consequence. >> no, i want to pick up on that theme. we had pictures of distinguished panel testifying before you. one of them was douglas holtz-eakin, former director of the congressional budget office. he presented testimony, when the debt-to-gdp ratio exceeds 90% you sacrifice one point of growth off gdp. did you believe that testimony? did it have impact on people that were listening? >> yeah. it is empirical. the study of countries that got themselves deep in debt. global competitors find themselves in the same situation, their economy slows. like in your business when all your money is going to debt and credit cards and interest payments and not to reinvesting in your company, your growth slows. same in america. but the impacts is that you've got one-third slower growth,
we know economy is getting better that is good news. huge growth gap between this recovery and the average recovery, and even, more troubling, more evidence showing in the long term, america's economic potential may have shrunk by as much as a third. that has huge consequence. >> no, i want to pick up on that theme. we had pictures of distinguished panel testifying before you. one of them was douglas holtz-eakin, former director of the congressional budget office. he presented testimony,...
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Mar 20, 2013
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economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having trouble meeting analyst estimates. what do you see that's going to change on the international revenue front? >> okay, i think it was over the last five years, only two estimates that missed, which is last quarter and this quarter. a big part of that is the miss on guidance. because we know they go through a massive restructuring. so i think the problem isn't identified yet. it's a choppy area. but to be fair to the country and the guidance, you have massive restructuring. you're taking people out of retirement. get massive cost cuts in the area. it will be difficult to giv
economy and the continued rise of e-commerce. they go up 8% very much in line with the s&p. >> so you must have bought more this morning. >> no. i mean, we have been a holder of it before christmas. still up over 8%. but look if you're a trader in the stock market, it will still be choppy. but long term, buy on the dip. >> what -- >> i was going to say i disagree, simon, because if you look at the guidance going forward, it trades at 17 times, but still having...
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of 3% growth in the economy. those retail sales, those jobless claims, those isns, and those business profits, i was at the business roundtable with the coos, profits, cash flows, pristine balance sheets, the u.s. is the place to be right now. that's why the dollar is strong. a growth trade. >> then why is the u.s. underperforming so many of the world's stock markets this year? it's behind japan, behind the uk. on a capitalization weighted basis, the u.s. is underperforming the morgan stanley world index x-us. >> volatility is also underperforming. if you put money to work in those marks, you have to accept volatility is higher based on recent trends. >> give it time. the japanese thing is terrific. >> a strong dollar, they are deliberately trying to weaken the yen. >> japan is fighting deflation, and they are preappreciating the currency and will start pouring money into the economy. that's exactly right. may help bolster the dollar, but i don't see why japan and the american stock marks can't go up. i can't vou
of 3% growth in the economy. those retail sales, those jobless claims, those isns, and those business profits, i was at the business roundtable with the coos, profits, cash flows, pristine balance sheets, the u.s. is the place to be right now. that's why the dollar is strong. a growth trade. >> then why is the u.s. underperforming so many of the world's stock markets this year? it's behind japan, behind the uk. on a capitalization weighted basis, the u.s. is underperforming the morgan...
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Mar 20, 2013
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but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500 hitting the all-time closing high. what's your guess on when that happens? >> if it weren't for oracle, it would have been early in the morning tomorrow. and even with oracle, i think the market still has enough gas, melissa to get past that. but to j.j.'s point and everyone on the desk, i agree there are some in the armor. not to push the market down, but to keep the fed in that tight box, that is exactly where the fed is. they're stuck, they can't get out of this now. if you were looking for an early exit, ain't happening, folks. not happening, not getting out
but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500...
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if the economy is not moving at 3% or faster, then it will back up. >> rick santelli, the economy not moving at 3% or faster is what michael crofton is talking about. when do you expect that kind of growth? >> you know, i think growth is going to remain well under 3%, 2.5% to 3% for a while. and i think any type of calibration change between the interest rate complex, whether it's through the market forces or it's through the federal reserve, any type of recalibration is not going to be received well by equities. no matter if you think 10 to 50% of what's going on in equities is the real deal with a better economy, and you believe the balance is the fed, no matter what it is, it's been pedaled to the medal. and once the recalibration hits, i don't care when it hits, it's not going to be pretty. so, therefore, i don't predict that the fed is going to do it voluntary. and i think in europe, there could be an arch duke ferdinand financial moment at any time. and i think that we've grown kind of piassive about thinking about that. >> heather, are you expecting once the fed takes the foot
if the economy is not moving at 3% or faster, then it will back up. >> rick santelli, the economy not moving at 3% or faster is what michael crofton is talking about. when do you expect that kind of growth? >> you know, i think growth is going to remain well under 3%, 2.5% to 3% for a while. and i think any type of calibration change between the interest rate complex, whether it's through the market forces or it's through the federal reserve, any type of recalibration is not going...
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if the economy continues to grow, and it looks like with the retail sales that the economy is picking up speed notwithstanding this payroll increase. >> you're not just talking a fed-fueled rally. >> the fed is certainly helpful in this regard. what's odd is the fed is pegging interest rates at negative real returns. yet people still pour money into that pause they're still fearful -- they're worried about 2008, europe, china, whatever they're worried about. >> how much credit do we give to the fed for the weight effect, therefore making the economy is better and you say the economy is going to do okay on its own. >> the fed has basically offset the drop in velocity. if they hadn't done that i think we would have had a possession. what they're doing is basically trying to hold the finger of the dike against the catastrophe and they have done a good job of it. >> we have had three federal reserves around the world cranking out money. we have ecb, our fed, japan conducting what people are considered the greatest economic experiment in the history of modern world. when we look at all tha
if the economy continues to grow, and it looks like with the retail sales that the economy is picking up speed notwithstanding this payroll increase. >> you're not just talking a fed-fueled rally. >> the fed is certainly helpful in this regard. what's odd is the fed is pegging interest rates at negative real returns. yet people still pour money into that pause they're still fearful -- they're worried about 2008, europe, china, whatever they're worried about. >> how much credit...
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Mar 18, 2013
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the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be slowed by cyprus in particular or europe or even china. that means you have to sell the consumer packaged goods and wait for the packaged to buy the insurers like the metlife. sure, the charts can be wrong, but not every single one of them. stay with cramer. >>> coming up, game time. cramer's got a new take on an old favorite family pass time. all this week, he's taking a look at companies with a stranglehold on their industries that may give their stocks a boost. tonight jim's checking out the friendly sky to see if it's time to take off. >>> believe it or not, you want to educate yourself about bu
the numbers need to come down for the companies and i'm concerned if i see the strength in the economy and i see the stocks of the companies that benefit from high are rates benefit than the ones getting hurt, then the fed's got to see it, too, right? i think we've come a long way when the fed was clueless and ben bernanke knew nothing. here's the bottom line. the charts say higher rates are coming and they're coming faster than we realize because of a rising economy. that's not going to be...
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Mar 18, 2013
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we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing. >> key thing is gdp numbers were raised. retail sales numbers were better than expected. i think john's right. they'll do that with s&p numbers, although i haven't seen a lot. the only other one is isi. they had 1668 and now at 1690. they raised it. >> this is very healthy thing. we want the s&p to be going up based on stronger earnings. not just based on financial magic. that's what seems to be happening. great. >> mayor bloomberg is good for a topic here. he's decided he's going to ban cigarette advertising in the city establishments, keep all tobacco p
we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing....
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Mar 21, 2013
03/13
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a lot of good things have happened in texas in terms of the economy and so voters tend to give perry some credit for that even though there are probably other reasons for the state's economic i approval. not only is tom palken challenging him the failure to fix education, to deal with transportation and state issues in texas but also a coalition of bipartisan coalition of the legislature are not happy with his tenure. the blue may be off the road and rick perry in texas. >> michael: how could it be on at all. a little more on texas. on the showed we haddier my bird founder of battleground texas. let's take a listen of this clip clip. >> people think of text as a red state, a beat red state but that's only the people who are turning out to vote. right now we're getting less than 50% of the population that is participating in elections. what we have to do is expand the electorate, bring more people in the process through registration and have better turnout. texas is not as red as it is seen today. >> michael: you hail right at ground zero from the progressive movement there. what are
a lot of good things have happened in texas in terms of the economy and so voters tend to give perry some credit for that even though there are probably other reasons for the state's economic i approval. not only is tom palken challenging him the failure to fix education, to deal with transportation and state issues in texas but also a coalition of bipartisan coalition of the legislature are not happy with his tenure. the blue may be off the road and rick perry in texas. >> michael: how...
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Mar 15, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prosptu with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >> h'm i am shibani users she. seat at the of told lawmakers he does not bear for the person responsibility for the london trade for jpmorgan and she was among several current and former executives testifying on capitol hill today. with another carnival cruise ship reporting problems at sea. th
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prosptu with investment information, risks, fees and expenses to read and consider carefully before investing. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company...
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Mar 18, 2013
03/13
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they have an economy geared to selling things to us. we do not have a economy geared to them. adam: let me pick up on that point. put this in the context of what do i do with my money? i know to stay out of equities in china. that is russian roulette. you don't even want to go there. how do i either make money in regards to china or avoid china order to make money? >> well, you know you can make money in the chinese stock markets if you know what the chinese government is going to do with regard to stimulus. because that market moves on government policy. the thing about china right now is that the markets are not giving investors a sufficient premium for the risk. there is lot of risk there because the economic recovery which is now in its second quarter is pretty fragile. adam: are you paying attention to the constant discussion in the united states about the pressure to get the chinese to allow their currency to rise in value? >> yeah. we've been talking about that for more than a half decade now. the chinese have been intransigent. the chinese remini -- renminbi is underva
they have an economy geared to selling things to us. we do not have a economy geared to them. adam: let me pick up on that point. put this in the context of what do i do with my money? i know to stay out of equities in china. that is russian roulette. you don't even want to go there. how do i either make money in regards to china or avoid china order to make money? >> well, you know you can make money in the chinese stock markets if you know what the chinese government is going to do with...
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Mar 20, 2013
03/13
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how can americans organize to make their voices heard on gun control, the economy and rising income to demand change on these urgent issues? take up the gun control thing. what can the american public, the majority of whom want an assault weapons ban, a universal background check, et cetera. what can they do if their politicians are simply too cowardly to act on their behalf because of the power of the nra? >> people are going to have to let politicians know they are going to be voted out in the next term. if they are not afraid of the electorate they will never do the things they need to do. we have lots of examples of when people do rise up. when people's voices are heard loudly. these politicians are just as frightened and back off. the politicians need to be reminded there are 5 million members of the nra and 303 million americans who are not members of the nra. wayne says there are 100 million americans who own a gun. 200 million don't. we are the majority. >> the majority though is being outgunned, you might say, quite literally by the nra. the minority have the biggest voice in
how can americans organize to make their voices heard on gun control, the economy and rising income to demand change on these urgent issues? take up the gun control thing. what can the american public, the majority of whom want an assault weapons ban, a universal background check, et cetera. what can they do if their politicians are simply too cowardly to act on their behalf because of the power of the nra? >> people are going to have to let politicians know they are going to be voted out...
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Mar 19, 2013
03/13
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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now they're hi
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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Mar 19, 2013
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if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, too. it's not just about the israelis as well. it's about th
if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear...
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Mar 15, 2013
03/13
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uncertain over the economy may be why working moms are looking for full time jobs. a spike in jobs seeking a full time over part time employment. the study found that shift has less to do with career am bigs than current realities. roughly half of the working mothers interviewed said fit hadn't been for the income they'd rather be home with children. >> about one in three american drivers uses his or her cell phone while behind the wheel. is that you? or me, perhaps? >> that is a rate higher than that compared to european drivers sowing shah that 69% of americans talked on mobile phones while driving. 31% read or send text messages. portugal came closest to the united states in talking and texting behind the wheel. >> is it's a big day saturday on the bay meadows race track. that is when the first homes go on sale. today, developers presented the mark next to the urban village will have 1200 homes and dozens of shops and offices. >> it will be with their neighbors that. was the spirit of community at the old bay meadows race track was more important than putting bet
uncertain over the economy may be why working moms are looking for full time jobs. a spike in jobs seeking a full time over part time employment. the study found that shift has less to do with career am bigs than current realities. roughly half of the working mothers interviewed said fit hadn't been for the income they'd rather be home with children. >> about one in three american drivers uses his or her cell phone while behind the wheel. is that you? or me, perhaps? >> that is a...
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Mar 18, 2013
03/13
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economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are coming. particularly to florida, which we've seen that we benefit from. but so does the u.s. economy. >> bob, where does the growth come from at disney the coming three years? >> in our case it starts with creating intellectual property and experiences, and then leveraging that across multiple platforms and multiple territories. we benefit from technology making this great intellectual property available to more people more often more places. so the new platforms that we see will be mobile platforms. one example, a great opportunity for creators of intellect
economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are...
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Mar 16, 2013
03/13
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they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-ctury. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting t nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in terms of cutting the size of government and going the size of the private economy. neil: that might have been something that job in the republic
they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection...
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Mar 16, 2013
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consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable. but how do the higher prices impact the rest of their spending remains to be seen. for "nightly business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freein
consumers are concerned about the national economy. they just took a hit in their paychecks as a result of the payroll tax hike, and then on top of that the higher gas prices are going to force them to make some decisions that they wouldn't otherwise have to make. so it's very concerning. >> reporter: pain at the pump is something that all americans can identify with. but many consumers say that they work their budgets around higher gas prices because commuting expenses are nonnegotiable....
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Mar 18, 2013
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eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is roughly two-thirds of exxon mobil's capital spending. >> there are people who have missed this move, people who missed it for 6,000 point, 3,000 points and they will point out that is irrelevant, the size of the gdp and this is the next big thing and people will tell you you ought to take your money out of j.p. morgan chase. these are people who have a terrific motive. they have got to catch up with the averages. at the same time, stocks are pretty extended so it's a great excuse. i was going use the fed as a great excuse, but now we have cyprus. i
eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is...